Herbalife raises profit forecast, tops key FTC threshold Nutritional supplement maker Herbalife Ltd (HLF.N) on Sunday raised its current-quarter adjusted profit forecast and said it exceeded a key threshold under its agreement with the U.S. Federal Trade Commission. Herbalife now expects adjusted profit of 95 cents-$1.15 in the second quarter […]
Business
Business
Goldman, Nomura heeded warnings before Venezuela bond deal In early May, Goldman Sachs (GS.N) turned down a request from Caracas to convert $5 billion in sovereign bonds into marketable securities partly because it would mean dealing directly with a Venezuelan state bank, according to people familiar with the talks. The […]
Coke, Cargill enter fray as sugar dispute threatens Mexico trade Soda giant Coca-Cola Co and major corn syrup makers have joined the political battle against the U.S. sugar industry in recent weeks, as the deadline to hammer out a years-long trade dispute with Mexico nears. Representatives from Coca-Cola (KO.N), corn […]
BHP CEO says he has not met with Elliott since Barcelona BHP Billiton Chief Executive Andrew Mackenzie said on Monday he has not met with activist hedge fund Elliott Management since their talks in Barcelona last month and declined to comment on whether another meeting was scheduled. Elliott, a New […]
Fresh safety concerns hang over global airlines conference A deadly attack in London and debate over travel restrictions in the United States put safety concerns high on the agenda as global airline executives gathered on Sunday for the industry's largest meeting of the year. Alexandre de Juniac, director general of […]
Canada beats U.S. in pork sales to China – feet, elbows and all Canada has overtaken the United States as the top North American supplier of pork to China as farmers and meat packers in both nations battle for lucrative shares of the biggest global market. Canada's pork sales to […]
GM shareholders to decide on Greenlight stock plan, board challenge Greenlight Capital's plan to split up General Motors Co's (GM.N) stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the U.S. automaker's shareholders cast their votes on the hedge […]
Big oil, small U.S. towns see new reward in old production technique Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank. Occidental Petroleum Corp and […]
Dollar Express sues Dollar Tree for driving it out of business U.S. discount retailer Dollar Express has filed a lawsuit accusing rival Family Dollar and its parent company Dollar Tree Inc (DLTR.O) of driving it out of business, the third government-required divestiture to fail in recent years. Dollar Express was […]
Boeing delays delivery of third 737 MAX jetliner Boeing Co (BA.N) said on Friday it had delayed the delivery of its third 737 MAX jetliner, set for next week to Norwegian Air Shuttle (NWC.OL), to resolve a technical issue. "On occasion delivery processes runs into minor issues – whether for […]
